Billionaires have discovered that giving away money can not only be fun but also benefit the giver and the receiver.

Here are some highlights from the Washington Times story on those who took the pledge to give away at least 50 percent of their wealth:

Media mogul, Ted Turner: “Looking back, if I had to live my life over, there are things I would do differently, but the one thing I would not change is my charitable giving,”

Investor, Warren Buffett: “Too often, a vast collection of possessions ends up possessing its owner. The asset I most value, aside from health, is interesting, diverse, and long-standing friends.”

Former Citigroup Chairman/CEO Sanford Weill and wife, Joan, said ” we are firm believers that shrouds don’t have pockets.”

Melinda Gates: “We do not want to give excessive wealth to our progeny. Giving wealth to young and future unborn children, in our opinion, reduces or eliminates the character-building challenges ahead of them in life that they would otherwise face.”